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Search Results 0 to 49 of about 60 (some duplicates have been removed)
weighing on investor sentiment today. in europe, it was the last trading day of the year, and what a year it has been. our correspondent has kept an eye on the trading floor all year for us. he sent us this report from the floor of the frankfurt stock exchange. >> the year has ended a very successful 2012, also for the frankfurt exchange, which is why you see tables and chairs where there usually are not. there will be a celebration here shortly, and there is something to celebrate -- the dax performed to the tune of about 30%-plus this year, and many shares went up. only a few lag behind. the best shares almost doubled in value. when you look at the second tier, there were some that more than doubled in value. demand mostly responsible for that, according to -- the man most responsible for that according to everyone here is mario draghi. he promised the european central bank would do everything in its power to preserve the euro, and that really release energy and restored some confidence also for the bureau. in 2013, people see more share market. the dax could reach a new record highs. p
ago here as opposed to the countries of western europe, we were the most egalitarian of countries. now we are the least. we have outstripped everybody else because our capitalism has been a relatively robust. when capitalism can do it's thing, it polarizes. when it polarizes it creates an awareness that is probably also occur to you. if a growing number of people i'm having a hard time and a shrinking number of people are collecting enormous wealth, it will occur to the two of them that this is happening. and in the one group there may develop their resentment against the of a group. and if you have a system like capitalism coexisting cannot that you have to, but if you have a system of capitalism coexisting with the democratic society in which everybody has the throne and the following in sight is going to occur to a lot of people. we, the majority, are really getting screwed in the economy. the way to fix it to reverse it, to offset is to use the political system to get the result. in the political system weekend rearranged so that what we lost in the economics as it became more and
't have too much vacation or little. we do it just right. europe had work like we did. you want lopping beer vacation you can have a stagnant economy like europe. we raise taxes we'll have longer vacation but fewer jobbings. >> you are right. we don't want to be like the french. and people here in the united states and government union. and i was on vacation and check my blackberry and read a rick unger e-mail while on vacation. >> you are never on vacation. >> you work it anyway. nine out of the 10 are checking their work phones. any time to rejuvenate and come back ragged. >> we need that vacation time to work better. >> when you say economy you are talking about gdp. good or ill it is major transaction. have everyone never talk a day off and work 60 hours a week. steve is protesting that. >> there is it a correlation between vacation time and increased productivity. a 2010 study show that americans felt refreshed and better about their jobs coming back it is important to take breaks throughout the work die. >> i center to tell you, i don't think i had a year where i used up all of my
>> just a few days until christmas, and europe, as elsewhere in the world, it is a time for peaceful contemplation with family or close friends. a very warm welcome to this special edition of "european journal" from belgium. christmas is a few days for rest where we find time for leisure, which has almost become a luxury good, but we will try to find it in today's show. that's why we have come to the flemish part of belgium. it is all-bishops town famous for tower bells, and when the time, it is a good opportunity to pause for a moment. >> the music of bells. the master coaxes melodia sounds from the musical instrument. high above the roofs of the town. >> for me, bell music is the connection between everyday life and spiritual life. it does not have to be religious, but there is definitely something spiritual about playing here. >> even as a child, he loved the sound of bells. the musician says it makes him dream, and for more than 30 years, he has been living that dream. >> it is a very social and communicated instrument. all the people in the town can hear it, and the
. the back drop of this whole presidential year is europe. we know where the path leads. and the turmoil and welfare states and how unsustainability and the high unemployment that comes with them and that was the back drop of our presidential campaign. >> paul: okay, the voters said, yeah, we're going to keep moving in that direction, kim. i mean, how, what do you think the electorate is here, behind the choices that jason just suggested they might be? >> barack obama won this election by very effectively making this a referendum about his opponent, mitt romney. so if you went out and you asked most americans, do you think barack obama did a great job in his first term? do you want significantly higher taxes? do you want the government to do nothing about spending? are you happy with obamacare? most would say no, but in the end the choice was between a president who said things aren't great, but i'm still going to try to make them better and a guy he painted as not having a plan and not identifying with the average wants and needs of middle class americans and in the end, people decided
by the negativism by the fiscal issues europe and the u.s. >> susie: you told me there were oil and gas americ mergersu think that tech could be an air yeah wirarea. what kind of gived guidelines can you give to investors so they can take advantage of these trends. >> there is a huge boom inenergd healthcarhealthcare in particule new healthcare system is going to be a lot. you have to look at companies that have had success but need more capital to get to the next level. exploration and production companies and energy that have done well and need capital. you can raise it or you can join forces with somebody else. very often the decision is to merge and not raise capital and take that risk. >> susie: and in tech what should they look for. tech is such a huge area we have a few seconds left what are your thoughts? >> look at the base companiesan. the kind of service that's county of victoria to their -- o their base line services. >> thanks bob, have a greatweek. bob pr profusek. >> susie: the price of gold fell slightly today, as the fiscal cliff drama in washington continues to weigh on marke
for the high. it's going to be chilly, winnipeg at minus 10. and let's look over towards europe in the british isles, cloud cover towards western europe. that is a very strong and deep low pressure system and the threat with this one as it pushes in, won't just bring heavy rain showers but strong high pressure down towards the south keeping things dry in the iberian peninsula and interacting creating lines close together, a tight pressure gradient, up to 120 kilometers per hour especially along the west coast of the u.k. and towards ireland, that's continuing to push to the northeast. it's going to be raising up temperatures. we'll see rain in the scandanavian peninsula and the threat there is snow melt and avalanche. farther towards the south, things will be remaining on the dry side. you'll see temperatures near the freezing mark towards vienna. 2 degrees for the high. london and paris, as warm air pulls in, you're seeing above average temperatures. london and paris 11 and 13 on your saturday. madrid, up to 11 degrees. let's look over towards eastern asia into japan. starting to bring heavy
collapsed, places like russia, eastern europe. and for the rest of the world growth has basically meant increases in carbon. so the idea that comes from mainstream economics that you can decouple carbon from the size of the economy is not at all born out over the last 20 years. >> it's born out of germany. if someone can do it, it can be done, right? is that the answer? >> well, they've had very little slow gdp growth. and there they are an unusual economy. they've been able to export a lot of their -- big export surplus. >> everyone want to be germany. in the future, we will all be net exporters. >> can i make what is going to sound in this context like the naive case for growth and remind us why -- >> i want you to. >> why it's actually important? so, you know, let's stipulate yes, climate change is really important and, yes, juliet is absolutely right. it's really hard to do both at the same time but we have to be really careful to sort of -- it can be easy to say, let's forget about growth. all of these other things, children playing and being happy are so important. the reality is
bookstore maintains the same price. i actually think it kept booksellers in business throughout europe and kept publishers in business throughout europe and provided riders -- >> one of the things really imagining at the moment, it constantly streams up the post -- [talking over each other] >> google and microsoft wanted to get rid of copyright but how can you sustain riders? they can't live on freeze. some of them can. >> partially why we are here. >> i you -- [talking over each other] >> the national endowment and humanities, the attitude to providing finance, publishing and books by copyright. >> we certainly -- for the people that produce literature, the people that produce history, perspectives. we are not in the business of making a llaw and we have an instinct -- supporting the concept of copyright and whether they should last 85 years or longer and what kind of access to digital capacities exist for books that are not being sold.
inexpensive investment, the equivalent of going to europe on discount twice. >> for renting cars for a morning. >> reporter: by now, we were sitting in the first class section, because even first class and business class come within reach to those who are frequent flier millionaires. as is evident by rick's trip this year to the far east. >> we went to china for ten days. we flew from chicago to beijing. went to see the great wall of china. went and saw the terracotta warriors, flew into shanghai and came back, again, nothing more than taxes. that one was maybe $150. >> in business class. >> in business class, right. >> reporter: price in frequent flier miles, 110,000 miles each. extreme? perhaps. but only the tip of the iceberg of the techniques talked about at this seminar, all of which frankly take a lot of work and a lot of study. but in rick's view, when you're settled back in the big chair, it really will seem worth it. >> sweet. rick and his wife are celebrating this new year's eve in sydney, australia, flying business class, staying in a low tell for free, naturally. >>> next up, the n
to extend its hand to it is long, whether its capital should no longer stand alone in europe. >>> sports news, nadal said he will not play next month and the australian open because of illness. he is still struggling with a stomach virus. the illness has disrupted his recovery from a knee injury. he confirmed today that he will miss both the australian open and the warm-up event in doha. >>> a wave of films catering to older audiences. one of the most successful stars british actors in their sixties and seventies. they have been doing well worldwide, particularly in the u.k. and the u.s. from the york, we have this report. >> a trend, old people in the movies. next month, a movie set at a retirement home story musicians and several british actors. tommy lee jones succeeded this year in "i hope springs" been called a midlife romantic comedy. and then there was the marigold hotel, the story of a british retiree at a hotel in india that has been very profitable, costing $10 million to make, taking in $140 million around the world. the film cast is unusual because of many of its older charac
the rest of europe, not against austerity cutbacks. the demonstrators accused the authorities of going on a spending spree which they claim wastes too much of the country's financial resources. instead of doubling their usual christmas or new year's shopping, these people decided to take to the streets and protests against the government and the wrongful spending of their money, the people's money. opposition leaders are asking for early elections from thousands of their followers. but >> this is only the beginning. they use police forces to send us from parliament. now we are on the streets and fighting for democracy in our country on the streets. >> we are here because we are against this regime and we want democracy to return to macedonia. we want to remove this dictator. resistance is our duty. >> we have gathered to say enough of this and the parliament representatives. >> demonstrations finished peacefully, but resolving this and the former yugoslav republic of macedonia is still far away. >>> russia says that its forces have killed seven suspected militants in the troubled cauca
. today armenian food has food from the mediterranean, middle east and europe. >> this is san francisco with the largest armenian food festival and widely recognized as one of the best food festivals in the area. we have vendors that come up from fresno, los angeles. we have everyone here in the neighborhood. that's really what it is, is drawing people to see a little bit of our culture and experience what we experience weekend in and weekend out. >> we are behind the scenes now watching the chef at work preparing some delicious armenian. this is a staple in armenian cooking, right? >> absolutely since the beginning of time. soldiers used to skewer it on swords. we have chicken ka bob, beef, lam, onions, parsley, over 2 pounds of meat being cooked in three days. >> after all that savory pro seen, i was ready to check out the fresh veggie options. * protein this is armenian. tomatoes and olive oil, that makes it summer food. what i'm doing is i'm putting some latinae. it's kind of like cream cheese without. when they offer you food, you have to eat it. they would welcome you and food is
. if you go to canada or europe, it's very common there, even on the east coast it's very common to. and they have gotten much better machines so you can now put a machine like that in front of the store. >> is that at whole foods at 4th street? >> no, it's at the safeway at 4th street and one at clement and 7th, safeway and one i believe at the marina safeway. >> are they being used? >> yes, they are. >> they are kind of limited, again, if someone comes up with a shopping cart it kind of shuts it down, but for the family or for folks, that is kind of the small-scale solution. that if we get the prices of those down, they are a little expensive at the moment. that could provide convenience in a lot of neighborhoods. and then you would need that distribution system to collect it. i think we do have some solutions. >> director dick-endrizzi? >> just to make sure that commissioner ortiz-cartagena, if the supermarket isn't there and then the small businesses in that half-mile radiuss, they are not required to participate in the program. it's just when the supermarket is establish
as all over from europe. perhaps from africa and south america. we can learn from that just as we have done with concepts like sunday streets where people take back the streets and start having fun in our urban communities and bringing out the children to enjoy the environment. this is our future generations so we have to have the best ideas. how to keep our environment and our strong. i want to tell you that there are a tremendous amount of enthusiasm for keeping our city grain trade we have at least three different projects that we have been focused on for a number of years. i have had the privilege with working with mohammed and our city engineers to accomplish this. most importantly with our community leaders and volunteers throughout every part of our neighborhoods. i hope that you do you is your time and take advantage of our wonderful weather to go out and do as many doors as possible of all the -- tours as possible of all the community gardens. we have a committee challenge program, one that i am proud to have headed up when we were at public works but also the city administrat
in all over north america and europe and africa and really we have got wishes coming in from almost every country in the world now. and people are just expressing, all kinds of amazing hopes and dreams for the future of the world which is really encouraging for us. we create the tree as a symbol of the global unity and hope. and we are going to continue to add wishes to the tree all through the month of december. so we would love for you to go to our website which is rainbow fund.org and it is free and we will printout your wish on a piece of paper and fold it into a crane and put it up on the tree. now, i want to thank, some key people who helped with this year's tree. first i want to start off with our core team, our core creative team and that consists of karin kai and linda mihara and thank you they have been working on the tree for seven years. >> and this year we have the help of dozens of volunteers and i want to particularly acknowledge the university of berkeley alfa, fi omega service community and volunteers from one brick. aid for good, the san francisco chapter. and you guys a
and security interests in the asia pacific region. not in europe as has been for 100 years prior to that, than the asia pacific region. secondly, that we would maintain freedom of access throughout that region. in particular, we would maintain the sea lanes in that area, whatever the challenge might be. even as we reduce our defense budget, therefore we must maintain and would maintain a powerful navy, and that that navy would be charged with maintaining the freedom of those sea lanes. we had, of course, to be concerned as to whether there would be a challenge for that. we observed that the rise and shine has more energy needs for more energy than they can produce themselves, and to maintain the economic growth which they believe is essential. we observed that the south china sea is a potential source of energy supplies for china and that there is a contention among the nations in that region as to where the ownership and rights of access are to the south china sea. and this is conceivable that china might seek to reestablish its claim there by military coercion and that could lead them into a
another item, i think. we are building now in europe a house. 2 is important for us to have such an incredible opportunity, a platform where we perform op ra, sim fonic music, educational projects will go up immediately because all the schools, universities, city of five million people. you can perform one leg nut cracker 20 time ace year, you can perform 50 times a year, each of those 50 nuts crackers a year you can devote 40 to schools it is a huge opportunity to help young people understand their part draft decision. because of course they have all these toys and also kid does it all the time but they will go for the first time at 8 or 9 years old to see the magic of theatre. most of them will come back, we know that most of them will come back. it's much easy everto start at 8, 9, 10 and then understand ballet, opera, theatre, music, rather than do it when are you 25, 30 for its first time. it's too late, maybe. >> back to politics for a moment. when you look at russia today, democracy, economic growth, human rights, press freedom. where do you think they are on those is
, anemic u.s. growth, europe's financial crisis, china's slowdown. so proceed, but proceed with caution. co-founder and president of ulta capital management, jack otter, editor and author of "worth it, not worth it" and walter upgrade, editor for cnn. >>> figure how much money in stocks, how much in bonds largely determined how for a until you retire. the faurter you go the more in stocks. then stick to it. don't get swayed by gloom or euphoria. this year, per effect example. people scared, didn't invest much in stocks and a good year. s&p up about 16% year to date. bonds rose. diversified portfolio 4%. can't outguess them. don't try. >> make a strategy and stick with it. many viewers may be in the same spot. what one investor is worried about. lyn. >> i should have been very aggressive, but i played very conservative, and so how do you play catch-up? >> what's the best catch-up strategy? >> that is a very dangerous question. it's a very common question, and understandable, but the problem is, we all tend to make our decisions based on whatever has just happened. so this woman probably got
with the argument over jobs versus austerity. are we going to go the way of europe or are we going to try to stimulate the economy back into a more comfortable spot, rather than waiting for it to grow by inches as we've been doing. >> there were a lot of issues on the state ballot, and tyche, you can say governor brown put all his eggs in one basket, proposition 30, and it passed. what does he get. >> well, he gets forward momentum, which was really, i think, really in question for a while. there were folks saying, you know, if prop 30's polling below 60% of the vote that it's sunk, that you can't pass a tax measure with such a close margin. it ended up passing with a 55%-45% margin. and it really -- i think you were talking about voter turnout efforts. there was a very sophisticated effort for prop 30 and against prop 32 that would have restricted union political contributions, that had some union money behind it, and also a lot of organizations like voto latino, like mi familia, civic groups that are looking at engaging voters who are in many cases not regular voters and have been writt
in burma, or eastern europe, shows that history has a hopeful direction capable of miracles. there is a part of every soul but longs for freedom and any government built on oppression is built on sand. vast historical changes often begin in the single mind, a single heart and a hope that now grows in burma is a tribute. one of the most repressive governments on earth attempted to isolate and silence 1-woman. it must have seemed an easy task. instead of the regime encountered and it immovable object and its legitimacy broke against her character. she became a symbol of courage, perseverance and defiance, a symbol that integrity was still possible in burma and the symbol became an inspiration for activists, monks and millions around the world. when her long isolation ended some of us finally met aung san suu kyi in person and found not a symbol but a woman, of tremendous humor, honesty and grace. that only increased our admiration. when political prisoners are freed and normal political life revised it is the start of new tests. burma needed aung san suu kyi's courage and pati
ports of the world, india, europe, china, who wanted to stay here after they graduated and work on their companies, create new start-ups, but they were unable to do so because after you graduate you get a job with an existing company or you leave and for many them that was not a good option and they left and took their ideas and companies with them. >> so they get their fancy education here and go back to indian or somewhere else. >>guest: we would like to stem the tide and keep em closer, and bring them back to the united states so they can create new jobs. and new companies. >> if they wored for a company they could have stayed? >>guest: if you get sponsored by a large corporation you can get the prop visas to work in the country but you cannot self sponsor and you cannot be here and create your own start-ups without going through some pretty significant legal work. >> to build this big ship where people live cost as lot of money and people are actually giving you money for this? >>guest: the face book funder and creator ofay pay pal is helping us and bringing in a number of i
away by high water pressure on the fourth floor of the hotel he was staying in. nowhere in europe had he experienced that. this technology was doing something to support the life and the growth of the city. philadelphia, throughout the 19th century, was the major industrial city of the united states. all of these industries used water from this system. and it served as a prototype for many american cities, including pittsburgh and new york. man: new york city went to philadelphia and said, "you know, we're thinking of developing a hudson river water supply -- what do you suggest we do?" and they said, "we've had "a lot of problems on the schuylkill. "don't go to the hudson river. go to the upland and work by gravity." and that's what new york city did. they first went to the hudson highlands, but 150 years later, it went to the delaware highlands. and really diverted the water that normally went to philadelphia to new york city. i don't think they anticipated that. narrator: the majority of new york city's drinking water comes from watersheds in upstate new york. a watershed is the ar
%. our major trading partners, britain and europe and canada -- they are only 16%. so there is a very good reason why just about every industrial country has a really low capital gains tax rate. that's because policymakers just about everywhere know that low capital gains tax rates are crucial for a growth of economy and entrepreneurship and high-technology industries. gerri: so what if we compare favorably with a lot of developed countries out there -- what would be the practical effect? >> it will slow the flow of venture capital and investment for high-technology companies. if you think about every mjor high-tech company like apple or microsoft or ebay or amazon, they were all nurtured by high income people putting money in early on to these startup companies. we dramatically cut the capital gains tax rate from 40% to 20% before, so what we are going to do is kill america's entrepreneurial economy. gerri: let's get into the details of this. why you would want to keep these capital gains taxes low. you say it is an issue of double taxation. >> that's right. corporate profits are tax
but certainly this issue, i mean people are watching, i was talking to somebody today in europe and they were saying the only thing that is on the news there is whether the american politicians if you will are going to deal with this issue that is before us. so no doubt we are being made into lesser country he by virtue of our inability to deal with this. and greta, i think you know also that a month ago i offered a $4.5 trillion package to deal with this just so to show that these decisions are easy to make. tough medicine but easy to make. we know how they score and we should just get this behind us and i think what most of us wanted to see on our side of the aisle is putting this in the rear view mirror as we moved into january to begin the year again with an economy and investing public and a world that knew that we faced up to the responsibilities that we have in this great nation. again we stepped away from that and it is going to continue on but again i think our nation's greatness continues to dissipate as we digitter with the issue -- dither with an issue of the government growing in
is ready to grow next year. china has bottomed, europe has stabilized so there are some things in place that can help offset these additional taxes and cuts to government spending. >> now, you mentioned two years ago shall the spending cuts, the fiscal cliff, it was designed to force washington to deal with the nation's long-term debt problem. and instead, here we are, a final hour, who knows what will happen next and i want to specifically ask you about the lack of progress on those structural issues like entitlement spending because even the plan c isn't touching that. so that means regardless of what happens before january 1st, investors will then be dealing with a certain degree of political risk long-term after the fiscal cliff deadline has passed. so, how will that affect the market on the economy in terms of spending cuts? >> well, my fear is that the compromise will be that we get the tax increases and they postpone the spending cuts and that's the ultimate objective. >> yes he. >> and you know, that is something that the economy will recover from and something will adjust to. r
, europe, the european union was fractured by debt and the plans to fix it. that saga is far from over. >>> number three, the housing market, finally, finally bottomed out. the combination of home prices and continued mortgage rates set off a building and buying spree. well-he well-heeled investors began to buy entire neighborhoods. and homeowners got more with a hefty down payment. >> and cnn predicts that barack obama will be reelected president of the united states. >> the election, more than just about obama and romney, more about socialism, and capitalism and spending, about the role government should have in your life. >> number one is the fiscal cliff. lawmakers saw it coming, but didn't bother to pay any attention to it until after the election. had they put politics aside and dealt with it earlier, who knows how strong the u.s. economy would be right now. >> up next, children in need of a home are caught in the middle of a dispute over human rights. and we'll meet one man reaching into his own pocket to help america ease its enormous debt. [ male announcer ] rocky had no idea
europe. the information cited for their my philosophy for great american thinkers like ayn rand. the great justification for free market absolutism is not found in american history because american -- alexander hamilton said while he believes in free markets, practical politicians need to realize there are times to intervene, and we have been a nation when it comes to manufacturing that has rejected the ideologies of both the left and the right and has really dean what works, and that is really through the book. i try to advance that argument, and i think the person who sums it up the best is a columnist, richmond mcgregor from "the financial times," and there's a quote saying "america's problem is not that it does not work like china. america's problem is that it no longer works like america." i think what he means by that is we don't need to copy a system of government in china or brazil that has accepted state intervention, but we do need to remember what policies helped make us a great industrial power, and those policies, hopefully, can be adopted on a bipartisan basis like
, print that money, catch up to the united states, europe, china. they're just dumping this money to the system to keep it going. as you mentioned, housing starts , housing prices. tom: i have to tell you, i think i'm in your camp on this one. i'm a be gloomier than the one housing because i don't see the fundamentals are still wrong. the people that are buying homes are investors paying all cash. maybe some starter homes, but the mortgages are still tough to get. the appraisers are still tough appraisals to get. and you have one at the three people in this country under water. i still don't e the fundamentals of the old buy and sell transaction sapping get. >> vote for me. on make things better. >> exactly. >> year 100 percent right. the only reason the housing market is going up is because interest rates are so. i've been of state kingston on one of the most historic quarters in the united states. the only place on each corner where they're is a stone building that greed -- predate the revolution, and that just bought one. seventeen fifties building. i just got a commercial loan
china is doing not as well, brazil isn't, india, europe's at a standstill. we can't afford this. it's that intangible that's more serious than how much you pay in taxes in 2013. >> before you go, how do you think the markets refact there's a stopgap measure? are they going to fear that more than if there was a permanent deal? >> markets hate uncertainty. that's the one thing. if we've got a stopgap measure, do we have a sense of when it will be resolved? some say go over the cliff, let's see what that looks like. i'd bo worried about that. we had a drop-off in the market on friday and that's about investors being uncertain about monday morning. i'll keep my eyes close to the markets on sunday night when asian markets open and monday when we have a shortened trading day. if washington doesn't get its act together, the investors may send a strong message to washington to do something. >> ali velshi, thank you. >>> you can learn more about the fiscal cliff and other issues that are affecting your money at 1:00. ali velshi will be back with a live edition of "your money." that's on cnn.
actually make an equal comparison from us, to the countries of europe and around the world, we're actually at about 120% debt to gdp right now. and of course, that's internal/external, but the extre external debt, we're over 100 now. so we're in much better shape than when we talk about the problems that we have. so i'm willing to do it incrementally, willing to do it all as a big time. what i'm willing to do is solve the problem for the future of our country. so if we do that, and the more we do of it, the more we'll see economic growth start coming. i think we're primed for economic growth, but we have to solve these very real issues to be able to take advantage of the prime. >> i agree with you. i think the economy can take off and washington can get out of the way at this point. tom coburn, republican senator from oklahoma, thank you very much for being here. >> ezra, good to be with you. god bless you. >>> there is one way we can start to fix our dysfunctional congress, and guess what, they are actually thinking about doing it. which, of course, means now other congressmen are thinkin
Search Results 0 to 49 of about 60 (some duplicates have been removed)